Giant Grosmont Petroleums Ltd.
Follow- Proceeding
- BankruptcyBankruptcy and Insolvency Act, R.S.C. 1985, c. B-3
- File
- 25-2565145
Giant Grosmont Petroleums Ltd. filed an assignment into bankruptcy on October 1, 2019, with BDO Canada Limited acting as trustee under the Bankruptcy and Insolvency Act in the Court of King's Bench of Alberta. The estate remains open. The trustee's updated Statement of Receipts and Disbursements (unaudited) as at April 22, 2022 reports approximately $117,000 in residual funds in the trustee's trust account, net of final professional fees not yet deducted, and the trustee is not aware of any secured claims or claims subject to a deemed trust. Proven unsecured claims include $303,101.73 filed by Cenovus Energy Inc., substantially all for the company's proportionate share of abandonment, remediation and reclamation work Cenovus carried out, and $52.32 filed by Canadian Natural Resources Limited. The AER has calculated estimated end-of-life obligations of $57,588.60 on AER Reflected Interests, treated by the trustee as an unsecured contingent obligation, of which $13,438.95, approximately 23%, is disputed by Mr. Watson.
Application filed in the Alberta court, commencing the bankruptcy proceedings under the Bankruptcy and Insolvency Act as court file number 25-2565145.
Source: Application re: Final Dividends
Records October 1, 2019 as the Bankruptcy Date on which Giant Grosmont Petroleums Ltd. filed its assignment into bankruptcy, BDO Canada Limited acting as trustee of the estate.
Source: First Report of the Trustee
Debtor
Giant Grosmont Petroleums Ltd.
Trustee in bankruptcy
BDO
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| Trustee in bankruptcyBDO | Bennett Jones LLP | 25 Apr 2022 | Service list · 25 Apr 2022 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Unsecured | Cenovus Energy Inc. · in 6 casesas of date claim filed with Trustee (proof of claim) — Substantially all of claim relates to Company's proportionate share of abandonment, remediation and reclamation work undertaken by Cenovus — debtor: Giant Grosmont Petroleums Ltd. | $303K | First Report of the Trustee |
| Unsecured | AER Reflected Interests - estimated End-of-Life Obligations (unsecured, contingent)as of AER calculation provided to Trustee, as set out in Appendix B — Regulatory obligation under s.30 Oil and Gas Conservation Act owed to parties carrying out abandonment/reclamation work; not a proven claim filed by AER itself; $13,438.95 of this total (approx. 23%) is disputed by Mr. Watson per Appendix C — debtor: Giant Grosmont Petroleums Ltd. | $57.6K | First Report of the Trustee |
| Unsecured | Canadian Natural Resources Limited · in 13 casesas of date claim filed with Trustee (proof of claim) — debtor: Giant Grosmont Petroleums Ltd. | $52 | First Report of the Trustee |
As at 22 Apr 2022 · per Trustee's updated Statement of Receipts and Disbursements (unaudited) · Estate of Giant Grosmont Petroleums Ltd. (bankruptcy estate), trust account funds only — The Trustee is not aware of the existence of any secured claims or claims that may be subject to a deemed trust. Figure represents approximate funds available in Trustee's trust account, net of Final Professional Fees not yet deducted (Residual Funds).
| Date | Document | File |
|---|---|---|
Brief of the Trustee re: Final Dividends
| ||
| Order re: Distribution | ||
Application re: Final Dividends
| ||
Service list as at April 25, 2022
| ||
First Report of the Trustee
| ||
| Creditor Package | ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Giant Grosmont Petroleums Ltd.” (Bankruptcy), Court of King's Bench of Alberta. Retrieved 20 September 2026, https://proceedings.ca/case/giant-grosmont-petroleums-ltd